Coursera's Slowdown In Growth Likely Remains Near-Term Overhang, Analyst Says
Portfolio Pulse from Shivani Kumaresan
Coursera Inc (NYSE:COUR) reported Q1 FY24 sales of $169.1 million, missing estimates, with earnings of 7 cents per share beating expectations. Goldman Sachs downgraded its price target to $10.50, citing lower user conversion and a weak enterprise environment. Cantor Fitzgerald lowered its price target to $21 but highlighted Coursera's potential for future growth despite current challenges. COUR's stock dropped 13.9% to $10.24. Coursera is also part of the NBCC and VTI ETFs.
April 30, 2024 | 6:46 pm
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NEGATIVE IMPACT
Coursera reported lower than expected Q1 FY24 sales but beat EPS estimates. Goldman Sachs and Cantor Fitzgerald adjusted their price targets due to various challenges.
The missed sales estimates and lowered price targets by major analysts suggest a negative short-term impact on Coursera's stock price. The significant guidance revision and underperformance in the consumer segment further contribute to the bearish outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Coursera is part of the Neuberger Berman Next Generation Connected Consumer ETF, which may be impacted by Coursera's stock performance.
Given Coursera's inclusion in the NBCC ETF, the negative performance of Coursera's stock could potentially have a negative impact on the ETF's performance, albeit diluted due to the diversified nature of ETF holdings.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Coursera is included in the Vanguard Total Stock Market Index Fund ETF, potentially affecting VTI's performance.
As Coursera is part of the VTI ETF, its recent negative stock performance could slightly impact VTI's overall performance, though the impact is likely minimal due to VTI's broad market exposure.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50